PROSHARES ULTRAPRO QQQ (TQQQ) Stock Technical Analysis
USA - NASDAQ:TQQQ - US74347X8314 - ETF
96.76 USD
+1.19 (+1.25%)
96.66 USD
-0.1 (-0.1%)
Taking everything into account, TQQQ scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TQQQ is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, TQQQ did better than 88% of all other stocks.
TQQQ is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month TQQQ has a been trading in the 84.25 - 97.37 range, which is quite wide. It is currently trading near the high of this range.
TQQQ has an average volume of 57609800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although TQQQ has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
82.09
97.73
3 important support areas can be observed.
- A support zone ranging from 91.01 to 92.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 86.49 to 86.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 82.92 to 82.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for TQQQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TQQQ is up. |
| ChartMill Relative Strength | 88.05 | POSITIVE | TQQQ has a high relative strength, it outperformed 88.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TQQQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TQQQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TQQQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.74 | NEUTRAL | The RSI value for TQQQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests TQQQ has a positive trend. |
| Stochastics (14,3) | 92.91 | OVERBOUGHT | The high Stochastics value suggests TQQQ may be overbought. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for TQQQ suggests some volalility. |
| Average Directional Index/ADX (14) | 15.73 | NEGATIVE | The low ADX value for TQQQ suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 97.38 | 84.24 | 13.14 (13.49%) | 7.41% |
| An entry @97.38. This is a Buy Stop order right above the 10 day high. | An exit @84.24. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 13.14 points, which is 13.49%. | When investing 7.41% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
96.76
+1.19 (+1.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.25%
1 Week5.38%
2 Weeks4.38%
1 Month2.28%
3 Month32.86%
6 Month56.34%
12 Month43.67%
2 Year171.65%
3 Year400.83%
5 Year195.68%
10 Year2563.43%
15 Year16897.2%
Volatility
ATR(14)2.76
ATR(20)%3.04%
ATR Inc-36.51%
Range Today1.84
ADR(20)2.64
ADR(20)%2.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.05
Mansfield1.55
10 Day High97.37
10 Day Low84.25
20 Day High97.37
20 Day Low84.25
52 Week High97.37
52 Week Low35
CS1 End92.26
CR1 StartN/A
Volume & EV
DER(3)2.05%
DER(5)2.69%
Volume46.12M
Volume Incr-18.52%
Vol(5)45.79M
Vol(50)57.61M